My wife has 2 rental units and I have one rental unit, each rental unit is in their own LLC.

My husband and I own a rental unit in a condo building in Jacksonville, FL.

As a side note, those students just closed on 300 units and are in contract negotiations for another 300+ unit deal as we speak. 

This works best when the seller is motivated and open to flexible terms.4.BRRRR Strategy (Buy, Rehab, Rent, Refinance, Repeat)– If you find the right undervalued property, you can finance the rehab with short-term funding and then refinance into a long-term loan, pulling most or all of your money back out.5.House Hacking– If you’re open to living in your investment, you can use an FHA loan (as low as 3.5% down)to buy a multi-unit, live in one unit, and rent out the others.

I have two duplex units and am subdividing into townhomes for higher market value.

There are currently tenants in both units, but both leases expire over the next couple months.

Number of units and other things should be considered.

Is this a single-family home or a multi-unit? 

Say, I have a potential client that has asked me to value a 7 unit apartment building.

That means that you can buy a property with up to four units, since this is still considered residential.